Home
Class 14
MATHS
A money lender claims to lend money at t...

A money lender claims to lend money at the rate of 10% per annum simple interest. However. He takes the interest in advance when he laends a sum for one year. At what interest rate does he lend the money actually ?

A

`11(8)/(3)%`

B

`11(1)/(9)%`

C

`10(1)/(8)%`

D

`10(8)/(3)%`

Text Solution

Verified by Experts

The correct Answer is:
B
Promotional Banner

Topper's Solved these Questions

  • SIMPLE & COMPOUND INTEREST

    MOTHERS|Exercise SSG CPO EXAMS, 2018, EXAM DATE: 11 JULY 2019 SHIFT III|1 Videos

  • TIME & DISTANCE

    MOTHERS|Exercise Multiple Choice Question|80 Videos

Similar Questions

Explore conceptually related problems

A sum of money amounts to Rs. 1500 in 5 years at 10% per annum at simple interest. Find the sum.

Arun borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next six years and 12% per annum for the period beyond ten years. If he pays a total of 12,160 as interest only at the end of 15 years, how much money did he borrow?

A certain sum of money is invested at the rate of 10% per annum compound interest,the interest compounded annually.If the difference between the interests of third year and first year is 1,105 ,find the sum invested.

Arun borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next 6 years and 12% per annum for the period beyond 10 years. If he pays a total of Rs 12160 as interest only at the end of 15 years, how much money did he borrow? (a) Rs 8000 (b) Rs 9000 (c) Rs 10000 (d) Rs 12000

A money-lender, lends a part of his money at 10% per annum and the rest at 15% per annum. His annual income is 1900. However, if he had interchanged the rate of interest on the two sums, he would have earned 200 more. The amount lent will fetch what 15%?

A moneylender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half yearly and receives the interest at the end of the year. In this way he gains Rs. 104.50 a year. The amount of money he borrows, is

MOTHERS-SIMPLE INTEREST -CLASS ROOM EXERCISE
  1. A certain sum becomes 3 times in 15 years at a certain rate of Interes...

    Text Solution

    |

  2. A certain rate in interest for certain time a certain sum gives the ra...

    Text Solution

    |

  3. A money lender claims to lend money at the rate of 10% per annum simpl...

    Text Solution

    |

  4. A certain sum of money at simple interest amounts to ₹ 520 in 5 years ...

    Text Solution

    |

  5. A certain amount becomes Rs 2800 in 3 years and Rs 3000 in 5 years. Fi...

    Text Solution

    |

  6. If a sum of money becomes 4000 in 2 year and 5500 in 4 year 6 month at...

    Text Solution

    |

  7. Arya and Sonu invested Rs 5400 and Rs 7200 for 4 years and 3 years res...

    Text Solution

    |

  8. Rahul invests Rs 12,000 as fixed deposit at a bank at the rate of 10% ...

    Text Solution

    |

  9. A sum of money becomes 79/16 times of itself in 35 years at r% of SI. ...

    Text Solution

    |

  10. The simple interest on a sum of money is (9)/(35) of the sum. If the n...

    Text Solution

    |

  11. P took Rs. 7500 loan at a certain rate of simple interest per annum an...

    Text Solution

    |

  12. A and B borrowed Rs 2,000 and Rs 3,000 respectively at the same rate o...

    Text Solution

    |

  13. Kapil deposited Rs 500 for 4 years and Rs 600 for 3 years at the same ...

    Text Solution

    |

  14. A man has Rs 10,000 for investment. He invests Rs 4,000@5% per annum a...

    Text Solution

    |

  15. Out of Rs 50,000, that a man has, he lends Rs 8,000 at 51//2% per annu...

    Text Solution

    |

  16. A person lends 40% of his sum of money at 50% per annum, 50% of rest a...

    Text Solution

    |

  17. A man invests half his capital at the rate of 8% per annum, one-third ...

    Text Solution

    |

  18. Abhishek invested a certain some at the rate of certain interest rate....

    Text Solution

    |

  19. Rs 2000 becomes Rs 2600 in 5 years at a certain rate of simple interes...

    Text Solution

    |

  20. Reena took a loan of₹ 1200 with simple interest for as many years as t...

    Text Solution

    |